ES Journal Archive (2006 - 2008)

Buy1Sell2 · Nov 20, 2007

There may be potential brewing for bounces intraday anyday. However, my style is longer term and so I remain short until such a proper signal arrives to indicate that I should cover.

paul_alan · Nov 20, 2007

Traded long overnight for nice profits.

Expecting more selling now though.

volente_00 · Nov 20, 2007

gap fill and then a T day spanking

Buy1Sell2 · Nov 20, 2007

Quote from paul_alan:

Traded long overnight for nice profits.

Expecting more selling now though.

Let's not post after the fact trading--Thanks.
Also, why do you expect more selling now? Thank you--

volente_00 · Nov 20, 2007

T days boys whipping the shorts early

atticus · Nov 20, 2007

Quote from atticus:

Long GOOG from 626.20 average, long BIDU from 309.70.

Out GOOG and BIDU at 640 and 319 respectively. No ES position.

candles · Nov 20, 2007

Quote from paul_alan:

Traded long overnight for nice profits.

Expecting more selling now though.

You posted some good trades yesterday. I've sent you a PM.

Good luck today everyone.

Buy1Sell2 · Nov 20, 2007

Quote from dmartin:

Buy1Sell2: Your exit strategies are interesting to say the least. You shorted your full position at 1511--had an unrealized gain at around +71 points and we are now approaching where you shorted. From my vantage point entries are important but it is the exits that define excellent trading. This is the second time in the past 4-5 weeks that I have seen you fail to take profits at very important support levels.

DMartin

There is one major difference-- The first time was a small position and my main position was the NQ which I took a nice profit on. This time I have full position in the short ES>

callmate · Nov 20, 2007

Quote from apex82:

... a pattern is a pattern..

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I used to think that too until I got badly hurt twice with huge spikes. I would be sat there happily trading then out of nowhere this spike would take me out of my stoploss, at one point it was 8 points. Ooch.. it hurt. Never again I will trade AH.

Good luck to you folks, do what works best for you.

Buy1Sell2 · Nov 20, 2007

Quote from callmate:

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I used to think that too until I got badly hurt twice with huge spikes. I would be sat there happily trading then out of nowhere this spike would take me out of my stoploss, at one point it was 8 points. Ooch.. it hurt. Never again I will trade AH.
Good luck to you folks, do what works best for you.

Any intraday trade has a potential to be spiked out whether in AH or RTH. "Spikeouts" are much less likely when setting your stops on outraday charts.